Drawbridge Grant 2026

About

Two non-repayable awards of ₦1,000,000 and ₦500,000 are available to CAC-registered Nigerian businesses across sectors to support growth, with applications due 30 November 2026 and winners paid by the end of January 2027.

Benefits

• 🏆First-place award
  ₦1,000,000 non-repayable grant to one selected Nigerian business, paid in naira by bank transfer, with no equity or repayment required.
• 🥈Second-place award
  ₦500,000 non-repayable grant to one selected Nigerian business, paid in naira by bank transfer, with no equity or repayment required.
• 💸Growth use
  Award funds can be used for business growth such as purchasing stock and inventory, buying equipment, tools and machinery, marketing and promotion, hiring staff, and other business-expansion expenses.
• 🤝Optional investment discussion
  Selected businesses may be invited to discuss potential future investment separately and voluntarily; receiving the grant does not require giving up equity.

Eligibility Criteria

• Mandatory: The business must be registered with Nigeria’s Corporate Affairs Commission (CAC) as a business name or company and operating in Nigeria
• Mandatory: The applicant must be at least 18 and authorized to represent the business
• Mandatory: Provide accurate and complete business information, including CAC registration number, sector, location, monthly revenue, team size, products/services, target customers, bank account status, and intended use of grant
• Mandatory: Submit one application per business per cohort
• Mandatory: Organizer team members and their immediate families cannot win
• Preferred: Paying customers are not required but are highly recommended and improve selection chances
• Preferred: A business bank account is not compulsory at application but counts in the applicant’s favour; awards are paid only into an account in the business’s or applicant’s name

Participation Commitments

• Submit an online application through the official Drawbridge Grant page
• Create a free account on ProMoat Capital’s small-business platform to submit and track the application; winners must maintain a free account on the platform as the only ongoing condition
• Complete the application with personal and business details, CAC registration number, business sector and location, monthly revenue, team size, products/services, target customers, bank account status, and intended use of grant
• No pitch deck or separate formal business plan is required
• No application fee is charged
• Agree to the applicable terms and conditions before submitting
• One application per business per cohort
• Application deadline is 30 November 2026
• Application review and initial interviews are expected in December 2026
• Finalist interviews are expected in early January 2027
• Winners are expected to be announced and paid by the end of January 2027

Target Sector

Sector agnostic, Agriculture & Food, Defense & Security, Education, Energy & Utilities, Financial Services, Government & Public Sector, Healthcare & Life Sciences, Manufacturing, Media & Entertainment, Real Estate & Construction, Retail & Consumer, Semiconductors & Electronics, Sports & Fitness, Telecommunications, Transportation & Logistics, Travel & Hospitality, Other

Target Location

Nigeria: the business must be registered with the Corporate Affairs Commission (CAC) and operating in Nigeria; the applicant must be at least 18 and authorized to represent the business.